Italian Restaurant

Destin, FL (Walton County)

Seller Financing Available
Great Pasta Dish
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Asking Price: $795,000

Cash Flow: $263,000

Gross Revenue: $1,290,000

EBITDA: N/A

FF&E: $141,000

Inventory: $29,000

Rent: $4,500 /Month

Established: 2005

Italian Restaurant

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Business Description

THE BEST REAL ITALIAN FOOD IN THE AREA. Staff operated with management in place and owners on the side lines. Long standing restaurant with superior reputation and staff is now available for new ownership! Current ownership group has decided its time to sell despite continual growth and great profits. This would be a good investment for a absentee owner/investor or a owner operator. Own a award winning business on the Emerald Coast and become instantly beloved in the community. All financials are available to qualified buyers. Serious inquires only!
Profiting over a quarter of a million dollars as passive owners.

Detailed Information

Location:
Destin, FL
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,500
Lease Expiration:
N/A
Employees:
10
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
54 seats inside the restaurant and 24 outside on the veranda. Located on Hwy 98 with easy access and great visibility.
Competition:
There is copy cats but the best Italian food is cooked and served here. BEST on the Emerald Coast for 7 years running.
Growth & Expansion:
The business doesn't need to expand because it prides itself in being that northern city small establishment that is not interested in impressive business size but only QUALITY!
Financing:
Seller MAY consider some seller financing. Make an offer
Support & Training:
The sellers will train but the talented chefs and other employees are not leaving, just the owners.
Reason for Selling:
The sellers are retiring but will always comeback as customers.
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Contact the Seller

(from currently available funds)
 
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Theodore M. Perkins, Jr.

Business Listed By:
Ted Perkins - Broker

Destin Business Brokers

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